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Domain Discussion
Domain Beginners and Newbies
Do You Make a Living At Domaining?
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<blockquote data-quote="catchmesleeping" data-source="post: 2206920" data-attributes="member: 87292"><p>1. I'm in growth mode, so I use income from sales to buy more domains <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" /> Eventually I'll slow down, but this is not my primary source of income. I view it more like investing for the long term. I'll think about cashing out in 10 to 20 years.</p><p></p><p>2. I think it's important to get some sales early on, to validate that you're selling names that other people value. Domain transactions are pretty rare. Depending on the strategy they follow, domain investors might sell between .5 and 5% of their portfolio in a given year. If you have a 1000 domains, that would be between 5 and 50 sales. If you have 100, you might go a couple years before making a sale. When you're just starting out, I think it's really unhealthy to go too long before making a sale. You start to question yourself, and the strategy that you're following - so I would recommend taking some sales in the $300 to $600 range - especially if you were able to get them through hand-regs. You can then turn around and buy more names like the one that you just sold, and build up your portfolio that way. But, in the long run, you'll want to shoot for $2,500 and above with "make offer". Eventually the right buyer will come along who absolutely 'needs' the name you have. If you can handle the negotiations, that's where you'll make real money.</p><p></p><p>3. I minimally develop all of my names. Just a single page of content, including a "for sale" sign, on one of about 10 different templates that I reuse. I invest about 30 minutes per domain on this process. For me, it works better, however, I really can't say that what I'm doing is the best strategy or not.</p></blockquote><p></p>
[QUOTE="catchmesleeping, post: 2206920, member: 87292"] 1. I'm in growth mode, so I use income from sales to buy more domains :D Eventually I'll slow down, but this is not my primary source of income. I view it more like investing for the long term. I'll think about cashing out in 10 to 20 years. 2. I think it's important to get some sales early on, to validate that you're selling names that other people value. Domain transactions are pretty rare. Depending on the strategy they follow, domain investors might sell between .5 and 5% of their portfolio in a given year. If you have a 1000 domains, that would be between 5 and 50 sales. If you have 100, you might go a couple years before making a sale. When you're just starting out, I think it's really unhealthy to go too long before making a sale. You start to question yourself, and the strategy that you're following - so I would recommend taking some sales in the $300 to $600 range - especially if you were able to get them through hand-regs. You can then turn around and buy more names like the one that you just sold, and build up your portfolio that way. But, in the long run, you'll want to shoot for $2,500 and above with "make offer". Eventually the right buyer will come along who absolutely 'needs' the name you have. If you can handle the negotiations, that's where you'll make real money. 3. I minimally develop all of my names. Just a single page of content, including a "for sale" sign, on one of about 10 different templates that I reuse. I invest about 30 minutes per domain on this process. For me, it works better, however, I really can't say that what I'm doing is the best strategy or not. [/QUOTE]
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